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Marmot Corporation pays a dividend of $100,000 in the current year. Otter Corporation, owns 15% of Marmot's stock. Gerald, an individual taxpayer in the 24%
Marmot Corporation pays a dividend of $100,000 in the current year. Otter Corporation, owns 15% of Marmot's stock. Gerald, an individual taxpayer in the 24% marginal bracket, also owns 15% of Marmot's stock.
Compare and contrast the treatment of the dividend by Otter Corporation and Gerald.
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